rollover loan

(1) A construction loan that automatically converts to permanent financing upon completion of construction.(2) A loan from a person's own retirement plan that continues into a new retirement plan if one changes jobs. (3) Short-term loans (as short as 14 days) that automatically renew if not paid,but incur substantial fees in connection with the renewal.The most common type is the payday advance loan.

References in periodicals archive ?

The OFT report comes to some pretty damning conclusions about the payday loan industry, revealing that half of its revenue is earned from rollover loan, and there are also concerns over lenders failing to carry out proper affordability assessments.

Many in region worried by debt; Views of the North

Based on the conventional trade finance solutions, ICBC provides rollover loan in line with the different stages of ship building, supplemented by forward settlement of different tenors in order to address their difficulty to access bank loans.

China : ICBC Provides over USD 100 Billion in Trade Finance Facility to Support Foreign Trade Enterprises

One of the biggest limits to the rollover loan described above is that the participant has use of the money for no more than 60 days.

Distribution options for defined--contribution plans (Part II): this two-part article examines issues and strategies to enhance the value of defined-contribution plans. Part II discusses rollovers and the order in which distributions should be taken

This includes rollover loans, so the amounts outstanding at any time were lower but amounted to hundreds of billions.

Study: Large Corporations Dominate Federal Subsidies

The advice from CAB is very clear: "If you have got into debt, avoid rollover loans.

Demands for payday lenders to clean up act; The big issue

Ms Lewis, 60 - believed to be on PS60,000 a year - said the payday lending industry has "very bad practices", such as rollover loans, yet she is against a crackdown.

WATCHDOG: LEGAL LOAN SHARKS ARE DEMONISED; Fury at payday lenders' PS60k-a-year new regulator

Reiterating comments made in her April 2 testimony before the Subcommittee on Financial Institutions and Consumer Credit, Fox said provisions offered in the bill, including repayment plans and a ban on rollover loans, have already proven ineffective in states where they have been attempted.

Trapped in a cycle of debt: consumer advocates seek to curtail high-interest payday loans

A fast-growing, lucrative industry will continue to prey on low-income and vulnerable citizens by charging exorbitant interest rates and offering rollover loans that can bury borrowers in debt.

Protecting payday loans

Mr Mayo also called for a ban on rollover loans, where people are lent more money before they've paid their current loan.

Money People: WAR ON 900% LENDERS; Watchdog to boost choice

At the same time people appeared not to compare different loans, while they were often encouraged to increase the amount they borrowed through so-called step-up and rollover loans, which tied them into their existing lender.

Home loans inquiry ordered

They rely totally on IMF, World Bank, and USAID grants and rollover loans to stay afloat and maintain any semblance of stability.

UN politics: a rigged game; current appeals to increase U.S. influence at the UN to advance our national interests are dangerous ploys meant to draw us further into the world government trap. (United Nations)

Worryingly, more and more people are being treated unfairly, being offered loans that they can't afford to repay and put on to rollover loans with huge interest rates and charges.